Friday, September 12, 2014

Everything That Is Wrong With New Jersey, In One Email....

Someone needs to burn this whole damn state to the ground, sprinkle it with Holy Water - with an exorcist nearby to shoo out the demons - and rebuild it from scratch. What a waste of prime real estate...Received the following email (cut & pasted below) from Keswick Cycle of Cherry Hill, New Jersey:After several lengthy and heartfelt discussions between the Brian and Dave (the owners), it is with great regret and disappointment that we are announcing the closure of our Cherry Hill, NJ location. We have enjoyed working with the cycling community in Cherry Hill and its neighboring communities for the past 8 seasons.However, due to the sale of our building, the current economic climate and dramatically escalated operating costs, it is unsustainable for Keswick cycle to do business in Cherry Hill and the state of NJ. Our building has been sold and we are losing our lease. We have also seen a 54% increase in our real estate and school taxes since 2006. In addition, it is now 2 times the cost for us to insure one store and building in Cherry Hill verses 2 stores in Pennsylvania. We have searched for alternative locations to alleviate those financial restraints with no success. It is a very frustrating situation for all of us. Keswick Cycle as a whole is a very fiscally sound business. Our West Philadelphia and Glenside, Pennsylvania stores with continue to operate as normal....